EEMC Fees and Costs — Simplify Emerging Markets Equity PLUS Downside Convexity ETF
Data updated: 2023-11-29
The net expense ratio is 0.36% (0.61% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $6K in broker commissions, 0.0961% of average net assets, and portfolio turnover was 2%.
EEMC Fees and Expenses
Annual operating expenses and sales charges of EEMC. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 0.61% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.36% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
EEMC Costs Over Time
On $10,000 invested in EEMC, assuming 5% a year before costs, total costs come to $288 over 5 years, cutting the return by 0.48% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.36%) | $38 | $119 | $207 |
| Trading costs (broker commissions) | $10 | $32 | $55 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $158 | $288 |
| Value after costs | $10,452 | $11,419 | $12,474 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
EEMC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0961%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $5.4M
- Portfolio turnover (prospectus): 2%
- Securities lending: none during the year
EEMC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTERACTIVE BROKERS, LLC | $5K | 89.61% |
| STONEX FINANCIAL INC. | $460 | 8.14% |
| UBS Securities LLC | $127 | 2.25% |
EEMC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $3.1M | 58.13% |
| BOFA SECURITIES, INC. | $1.8M | 33.06% |
| Goldman Sachs & Co. LLC | $474K | 8.81% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.